St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-08

"E, THE UNDERSIGNED. CITIZENS
w and residents of the City of ST. Paul
IN the County of Ramsey and State of Mime
sofa, do hereby associate ourselves together
as. and for body corporate, under and pur-
suant TO title one of chapter thirty four of the
Statutes of the State of Minnesota, and for
that purpose we have and do hereby adopt
and execute the following Articles of Incor-
poration. 49,
First-The name of this corporation shall
be the Metropolitan and Suburban Railway
company. The general nature of the business
of said corporation shall be the acquiring of,
constructing, equipping and operating lines
of railroad of the standard and narrow gauge,
and propelled by steam and other power,
within the counties of Ramsey and Dakota,
in the State of Minnesota and in conducting
thereon md Herewith general transporta-
ton business for the transportation of pas
sengers and freight for hire between any and
all the towns, cities and villages in said coun-
ties, and through and III and about said
towns, cities and villages.
The principal place of business of said cor
poration shall be in the City of St Paul, in the
County of Ramsey and State of Minnesota.
Second-The time of the commencement
of this corporation shall be the first Monday
i'll May, A. ID. 1857, and said corporation
shall continue for fifty years thereafter.
Third-The amount of the capital stock of
said corporation shall he the sum of one
million dollars and shall be paid III at such
times and in such manner as the Board of
Directors of said corporation shall designate.
Fourth-The highest amount of indebted
ness or liability to which said corporation
shall at any time be subject shall be five hun
dred thousand dollars.
Fifth-The names and places of residence
of the persons forming this association and
incorporation are: Maurice Auerbach, re-
siding at the city of ST. Paul, county of Ram
sey, Minnesota; Albert Schetfer, residing at
the city of st. Paul, county of Ramsey, Mill
nesota L. II. Maxfield. residing at The city
of st. Paul, county of Ramsey, Minnesota;
Paul Martin, residing at the city of st. Paul,
county of Ramsey, Minnesota; Gorge l..
Beardsly, residing at the city of st. Paul,
county of Ramsey, Minnesota, and Joseph j.
McCardy, residing at the city of st. Paul,
county of Ramsey, Minnesota.
SiXth-The first five of the above-named
persons shall form the fist Board of Direc-
tors of said corporation, and shall hold their
offices for the term of one year, and until the
first annual election of said corporation,
which shall take place OH the first Monday of
May in each year, commencing on the first
Monday of May, A. ID. 1888.
The government of said corporation and
the management of its affairs shall be vested
i'll said Board of five Directors and in Presi-
dent, Vice President, Secretary, Treasurer
and General Manager, who shall be elected
by said Board of Directors from their num-
Der, and who shall hold their offices for the
term of one year from the time of said cleo
ton.
Said Board of Directors, after the first
Board herein provided for, shall be elected
by the stockholders of said corporation at the
annual meeting of said corporation, and all
such officers and directors shall hold their
offices until the election and qualification of
their successors.
Seventh-The number and amount of shares
of the capital stock of said corporation shall
be ten thousand shares of the par value of
one hundred dollars each.
In testimony whereof the above named in
corporators have hereunto set their hands
and affixed their seals ut the City of ST. Paul,
in the County of Ramsey and State of Min
nesota upon this 30th day of April A. D.
1887. MAURICE AUERBACH, [Seal1
ALBERT SCIIEFFER, Seal.
l.. II. Manifold, Seal
GEO. L.. BEARDSLY, Seal
PAUL MARTIN, Seal.t
JOSEPH j. NEARBY. Seal1
In presence Of
c. ID. O'BRiEN,
HENRY G. WooD.
STATE OF MINNESOTA,
COUNTY OF RAMSEY.
Upon this 30th day of April. A. d. 1897,
before me, notary public within and for
said county, personally appeared Maurice
Auerbach, Albert Schetfer, J.. ii. Maxteld,
Paul Martin, George l.. Beardsly and Joseph
j. McCardy, to me well known to be the
identical persons who executed the forego-
ing articles of association and incorporation,
and they and each of them acknowledged be,
fore me that they executed the same for the
uses and purposes therein expressed, and as
their and each of their free act and deed. =.
[Notarial Seal HENRY G. WOOD,